Musashi Seimitsu Industry Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
August 08, 2019
Share
Musashi Seimitsu Industry Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, net sales were JPY 62,445 million against JPY 64,469 million a year ago. Operating profit was JPY 2,364 million against JPY 3,989 million a year ago. Ordinary profit was JPY 2,367 million against JPY 4,461 million a year ago. Profit attributable to owners of parent was JPY 1,937 million against JPY 3,368 million a year ago. Diluted earnings per share were JPY 29.76 against JPY 53.96 a year ago.
For the fiscal year ending March 31, 2020, on consolidated basis the company expects to report net sales of JPY 251,000 million, operating profit of JPY 14,500 million, ordinary profit of JPY 14,300 million and profit attributable to owners of parent of JPY 9,100 million or JPY 139.74 per share.
Musashi Seimitsu Industry Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive powertrain parts, suspension parts, steering parts, and transmission parts. The Company operates its business through five geographical segments: Japan, Americas, Asia, China and Europe. Its products are used in industries such as automobiles, machine tools, and industrial machines. Powertrain (PT) products includes planetary gear assemblies, differential gear assemblies, bevel gears, ring gears, camshafts, and balance shafts. The linkage and suspension (L&S) products include suspension arm assemblies, suspension ball joints, steering ball joints, and various joints for connection. Motorcycle products include motorcycle transmission gear assemblies, motorcycle camshafts, motorcycle kick starter components, other motorcycle drivetrain components, and general-purpose engine components.
Musashi Seimitsu Industry Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020